For 16 years we’ve backed companies that fight climate change, natural resource depletion and biodiversity loss. Our carried interest is linked to our companies hitting their impact targets. An external Impact Committee signs off on those targets.
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environmental and financial returns go hand in hand
For every investment, both are equally important. To date, that combination has held up in practice with several successful exits across our portfolio, alongside the impact outcomes we have realized.
Across all our funds, that adds up to
3 Mt
of CO₂ emissions avoided
2.6 million m³
of water saved
15,500 hectares
of farmland no longer needed
Cumulative environmental impact across the portfolio, 2014 until 2025. Updated as companies report.
Everything we do builds on the core principles of impact investing
Intentional
We only back companies where impact is the business model. Our four themes (energy, mobility, industry, food & agri) together cover over 90% of global greenhouse gas emissions.
Measurable
Impact gets its own check at every step of our investment process. For each climate deal we calculate the potential impact. Before we invest, we agree on a few impact KPIs with targets, and the company reports on them every year.
Additional
We can come in at an early stage, when few investors will take the technology risk.
Read the full impact report
Impact Vision Documents
Deeper reads on the themes we invest in - market analyses, impact visions and perspectives from the SHIFT team.
Impact Vision
Energy
Where energy innovation creates the most impact, and how we invest against it.
Impact Vision
Food & Agriculture
Our thesis on protein, inputs and resilient food systems.
Impact Vision
Mobility
Decarbonising movement of people and goods across Europe.
Impact Vision
Industry
Industrial process innovation, circular materials and heat.